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Episode 20: 10 Things Retirees Often Get Wrong About Taxes (Part 3)

May 20, 2021

We want you to pay lots of taxes, but none that you do not have to legally pay. In the entire scope of a 20-to-30-year retirement, most want to pay the lowest amount of taxes possible. However, here are 10 things retirees often get wrong about taxes!

Here are just a handful of the things that we'll discuss:

6. Required Minimum Distributions from multiple IRAs or multiple 401ks are treated differently.
7. The due date for the first RMD is December 31st or April 1st, no fools!
8. Life Insurance proceeds pass tax free to the beneficiaries.



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